Of course, we cannot live in the world of investment if our finances are not stable because we need it for our daily needs. Of course, if someone already has a business and the business is running well and the profits are visible. Of course, if I want to open a business again, I will create a new foundation in the business so that my foundation is much stronger. If the foundation is strong, of course the money will have doubled, of course our money can be set aside for investment.
Topic: Business/Entrepreneurship. - page 8. (Read 1563 times)
if you invest in your business you control it and make decisions on it and usually its a business just selling a product or service other busineses also offer so you have to consider the local competition. which limits your decision power because you are limited to the market of value-premium
for instance if a nearby business sells similar product at X, for you to compete you need to spend more to give better service to also sell at or above X or sell below X
whereby most businesses sell products at a 3-5x of product underlying supply cost to cover businesses own labour, property costs, taxes and profit. EG restaurants are 30% food supply cost, 40% restaurant/labour/tax cost 30% profit margin
however entrepreneurs see a new niche product never marketed before but has potential desire of 30% of all countries consumers meaning initial build out of production can result in millions of population of regular sales. this a #thousand multiplier if successful. EG invest $100k could equal $###million returns
however most entrepreneurs know not all new niches make a success so the #thousand multiplier of one success covers the losses of 99 other niches that dont succeed. so they play the odds by diversifying across many new ventures/niches
for instance if a nearby business sells similar product at X, for you to compete you need to spend more to give better service to also sell at or above X or sell below X
whereby most businesses sell products at a 3-5x of product underlying supply cost to cover businesses own labour, property costs, taxes and profit. EG restaurants are 30% food supply cost, 40% restaurant/labour/tax cost 30% profit margin
however entrepreneurs see a new niche product never marketed before but has potential desire of 30% of all countries consumers meaning initial build out of production can result in millions of population of regular sales. this a #thousand multiplier if successful. EG invest $100k could equal $###million returns
however most entrepreneurs know not all new niches make a success so the #thousand multiplier of one success covers the losses of 99 other niches that dont succeed. so they play the odds by diversifying across many new ventures/niches
A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately
It is our own personal business strategies and efforts rendered upon everything that we do which makes it comes in being productive on us, when we take time in making the business enterprise move forward and get to the next phase, we are going to see the effects on how we run the business as well and there will be nothing more than to maintain running the business in a more professional manner, this is what will make us stand and remain outstanding amidst other counterparts doing the same thing we are into.
A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately
Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Jump to: